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January 2007 Low Income Limits |
January 2007 Moderate Income Limits |
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| Family Size | Maximum Income | Family Size | Maximum Income | |
| 1 | $33,800 | 1 | $50,640 | |
| 2 | 38,600 | 2 | 57,840 | |
| 3 | 43,450 | 3 | 65,160 | |
| 4 | 48,250 | 4 | 72,360 | |
| 5 | 52,100 | 5 | 78,120 | |
| 6 | 55,950 | 6 | 83,880 | |
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The Gap Loan Program provides down payment assistance loans to very-low, low and moderate income, first-time homebuyers. These loans bridge the "gap" between the cost of a home and what the household can afford. A household income which falls under 120% of the median could be eligible for a loan of 10% of the purchase price of one of the City's BMR homes. |
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The Below-Market-Rate program is for new construction homes, which are sold below market rate at an affordable price to a qualified household. Resale restrictions apply. |
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This program provides low interest deferred loans that help qualified lower income homeowners make needed improvements and repairs. This program is also offered to rental property owners whose tenants and rent rates meet the program qualifications. |
| All housing information is available at Ripon City Hall, 259 N. Wilma Avenue. Questions? Call Sheryl at (209) 599-2108, or by e-mail at sprater@cityofripon.org |
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More Housing information is also available at: |
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